The Financial Times and IFC, a member of the World Bank Group, announced the winners of the 2015 FT/IFC Transformational Business Awards at a special awards ceremony on 11 June.

This year’s programme marked a decade of collaboration between FT and IFC on global awards initiatives that have highlighted ground-breaking, commercially viable solutions to today’s development challenges. For 2015, special attention was given to initiatives that address pressing structural needs in rapidly growing urban areas. A total of 191 entries were received from 167 organisations involving projects in 140 countries.

The awards were presented at a dinner in London attended by around 150 senior decision-makers in business, finance and development. The event followed a one-day Transformational Business Conference organised by the Financial Times and IFC.

MicroEnsure, a global provider of microinsurance services, received a special award for Excellence in Transformational Business, reflecting its achievements over the first 10 years of the FT/IFC programme. MicroEnsure is the world’s first and largest organisation whose exclusive focus is to address the mass market need for micro-insurance.